To force through its offer, Microsoft is now preparing to submit its own directors for approval at the next Yahoo shareholder meeting. It has until March 13 to trigger that proxy fight, with Yahoo’s shareholder meeting normally held in June. The software company is also considering launching an exchange offer directly to Yahoo’s shareholders, inviting them to accept its cash and stock bid, although the internet company’s poison pill would stop Microsoft gaining control without board-level support. (Financial Times)
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